Silver Book Fact

In 2004, around 8% of older Americans incurred $2,500 or more in prescription drug costs.

Federal Interagency Forum on Aging-Related Statistics. Older Americans 2008: Key Indicators of Well-Being. Washington, D.C.: U.S. Government Printing Office; 2008. https://agingstats.gov/docs/PastReports/2008/OA2008.pdf

Reference

Title
Older Americans 2008: Key Indicators of Well-Being
Publisher
U.S. Government Printing Office
Publication Date
2008
Authors
Federal Interagency Forum on Aging-Related Statistics
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Spending for two Medicaid services is expected to accelerate in 2006: home health care (from 14% in 2005 to 19.8% in 2006), and other personal health care (from 8.1% in…  
  • Economic contributions of family caregivers
    Family caregivers contribute an estimated $450 billion each year in economic value.  
  • The lowest annual cost for a one-bedroom in an assisted living facility is in North Dakota ($20,714 excluding community fees) and Arkansas ($20,937 excluding community fees).  
  • American adults age 65 and older use 1/3 of all prescription medications.  
  • Among older Americans, 6 of the 7 leading causes of death are chronic diseases.